Norinchukin Bank The Has $1.19 Million Stock Holdings in Dover Co. (NYSE:DOV)

Norinchukin Bank The raised its position in shares of Dover Co. (NYSE:DOV) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,323 shares of the industrial products company’s stock after purchasing an additional 593 shares during the period. Norinchukin Bank The’s holdings in Dover were worth $1,186,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Dover by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,235,456 shares of the industrial products company’s stock worth $3,045,772,000 after buying an additional 57,453 shares during the last quarter. Geode Capital Management LLC raised its stake in Dover by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 3,303,257 shares of the industrial products company’s stock worth $618,068,000 after acquiring an additional 74,541 shares in the last quarter. FMR LLC lifted its holdings in shares of Dover by 1.1% in the fourth quarter. FMR LLC now owns 3,118,391 shares of the industrial products company’s stock worth $585,010,000 after acquiring an additional 32,565 shares during the last quarter. Norges Bank bought a new stake in shares of Dover during the 4th quarter valued at approximately $316,228,000. Finally, Invesco Ltd. increased its position in Dover by 10.8% during the 4th quarter. Invesco Ltd. now owns 1,179,207 shares of the industrial products company’s stock worth $221,219,000 after purchasing an additional 114,719 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DOV shares. Barclays decreased their target price on shares of Dover from $205.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. UBS Group lowered their target price on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Oppenheimer restated an “outperform” rating and set a $225.00 price target (up from $220.00) on shares of Dover in a report on Friday, January 31st. Wells Fargo & Company lifted their target price on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Citigroup cut their price target on shares of Dover from $244.00 to $201.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $208.17.

Dover Stock Down 1.9 %

DOV opened at $158.04 on Tuesday. Dover Co. has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The firm has a market capitalization of $21.66 billion, a P/E ratio of 8.13, a PEG ratio of 2.06 and a beta of 1.24. The company’s 50-day moving average is $179.79 and its 200 day moving average is $190.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52.

Dover (NYSE:DOV) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Research analysts expect that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Friday, February 28th. Dover’s dividend payout ratio is presently 10.59%.

Dover Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.